Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Hartford Finds Group Disability Umbrella Shrinking.

X
Your article was successfully shared with the contacts you provided.

Group disability insurance plans are covering a smaller percentage of U.S. workers this year than they were covering in 2010.

Hartford Financial Services Group Inc., Hartford (NYSE:HIG), has published that finding in a summary of results of a March survey of 1,000 U.S. adults ages 18 to 64.

The percentage of U.S. workers with long-term disability insurance seems to have dropped to 44%, from 47%, and the percentage with short-term disability insurance seems to have dropped to 49%, from 55%, Hartford says.

Disability insurance is clearly needed, because 92% of U.S. residents say they would have to make major lifestyle changes if they lost part of their family income for as little as 3 to 6 months, Hartford says.

- Allison Bell

Other disability insurance coverage from National Underwriter Life & Health:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.